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Thu 03 Mar 20104% of mortgages 90 days in arrears
CLOSE TO 4 per cent of private residential mortgage accounts were in arrears for more than 90 days at the end of 2009, according to new figures published by the Financial Regulator.
The latest data also shows that the percentage of properties returned to banks rose by 20 per cent from the third to the fourth quarter of last year. This figure includes houses which reverted back to financial institutions after being abandoned or returned to mortgage lenders.
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